What is Paul Manafort's Net Worth?

This morning Donald Trump's former campaign manager Paul Manafort surrendered to the FBI. Both he and fellow Trump campaign aide Rick Gates were indicted by a grand jury on 12 federal charges that range from conspiracy to launder money to conspiracy against the United States. (A third Trump advisor, George Papadopoulos, plead guilty to lying to the F.B.I. in the course of their investigation of Russian involvement in the election.)

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These indictments are the first to come out of Robert Mueller's investigation into Russia's interference in the 2016 election. In addition to accusations that Manafort and Gates "concealed from the United States their work as agents of, and millions of dollars in payments from, Ukraine," prosecutors also allege that Manafort laundered over $18 million, and that a total of $75 million "flowed through the offshore accounts" of these two men.

“Manafort used his hidden overseas wealth to enjoy a lavish lifestyle in the United States, without paying taxes on that income,” prosecutors wrote in the full indictment.

He reportedly made wire transfers from these offshore accounts to several vendors including a home improvement company and landscaper in the Hamptons, an antique rug story in Alexandria, Virginia, a men's clothing store in New York, and an art gallery in Florida, among others.

These indictments refer to events that took place before Manafort was part of Trump's campaign.

Prior to working with Trump, Manafort was a veteran of the GOP, working on the campaigns of Gerald Ford, Ronald Reagan, and George H. W. Bush. He has also worked with more controversial figures including former Filipino dictator Ferdinand Marcos, and the former president of Ukraine Viktor Yanukovych.

So how much is Manafort's net worth?

Accusations of nefarious financial activity make it difficult to pinpoint a number, but in March of 2017, anti-money laundering expert Ross Delston estimated that Manafort was worth more than $50 million, based on the fact that he was buying multi-million dollar real estate in New York City with cash and then taking out loans against these properties.

"That is something you typically see with ultra-high-net-worth individuals—people worth more than $50 million," he told NBC. "And not only that, you have to be liquid."

That said, it's a very rough estimate, considering he was so frequently paid off the record by foreign leaders. Notably, in August of 2016, the New York Times reported that a handwritten ledger found in Kiev indicates that Manafort was given $12.7 million in "undisclosed cash payments" from former Ukrainian President Viktor Yanukovych.

We'll be sure to update, should additional information about his personal wealth become available.

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